TORONTO - Another BlackBerry (TSX:BB) analyst added his voice to caution about sales numbers for the new smartphone devices, and pulled back his sales expectations.

Canaccord Genuity analyst Michael Walkley said Monday that sales of the phones on the BlackBerry 10 operating system are "mixed."

The Z10 touchscreen device sales trends are weakening, he said citing the research firm's global survey, while the Q10 keyboard has seen "strong initial demand" since its release less than a week ago in Canada and a few days earlier in the U.K.

"Given the weaker Z10 sales levels combined with more limited initial supply of the Q10 than our expectations, we are lowering our BB10 sell-in estimates for the May quarter from 3.3 million to 2.8 million units," Walkley wrote.

He expects sales of the new BlackBerrys will be stronger in the short term, but the smartphone maker will be unable to regain enough of the market to keep sustainable profit levels, considering the heightened competition from the Samsung Galaxy S4 and the HTC One.

Walkley reiterated a sell rating with a $9 target price.

Analysts have been trying to determine how well the new BlackBerrys are selling before the company releases official numbers on June 28 for a period that will include both U.S. sales of the Z10 and the Q10 in the U.K. and Canada.

Last week, Jeffries analyst Peter Misek, who has a buy rating on the stock, said that the keyboard phone is selling out in many stores but mostly due to a limited stock of the devices.

"Based on our store checks, the BlackBerry Q10 has been selling extremely well and has been sold out or seeing limited availability in Toronto and across the UK," Misek wrote in a note.

Analysts have long struggled to pinpoint the popularity of BlackBerry smartphones on the market and during the peak of the company's popularity it would regularly beat Wall Street expectations.

In March, BlackBerry reported a fourth-quarter profit of US$98-million which surprised analysts because they had been widely expecting a loss.

Shares of BlackBerry, the company which formerly called itself Research In Motion, fell three cents to close at $15.74 on the Toronto Stock Exchange.

———

Follow David Friend on Twitter.

http://www.twitter.com/dj_friend

Related on HuffPost:

Loading Slideshow...
  • Alicia Keys Is BlackBerry's Mercenary

    At the BlackBerry 10 launch event, CEO Thorsten Heins introduced singer Alicia Keys as the company's new global creative director. Sure, Keys is a familiar and likable face to hawk your product -- but how has writing "Girl On Fire" prepared her for a creative director role? Adding to the awkward is that she's a <a href="http://gizmodo.com/5980200/blackberry-spokesperson-alicia-keys-tweets-from-her-iphone">prolific Twitter user from her iPhone</a> and Instagram's quite a bit, a program which isn't available on BlackBerry's new operating system yet. She claimed at the event that she'd been lured back into the BlackBerry fold by the new phones.

  • A Gimmicky Hair Cut, Less Cracking On CrackBerry.com

    Kevin Michaluk, owner of the premier BlackBerry fansite and blog "CrackBerry" had promised to not cut his hair until the release of BlackBerry 10. Considering there were a <a href="http://www.sfgate.com/business/technology/article/A-look-at-RIM-s-much-delayed-BlackBerry-10-4236058.php">few delays along the way</a>, Michaluk had a nice batch of lettuce going. Though a nice gesture of his dedication, the reaction in house was timid. <a href="http://www.alexa.com/siteinfo/crackberry.com">Pageviews for Crackberry.com</a> have seen a steady dip.

  • Viral Marketing Fail

    In an effort to build hype for the announcement of BlackBerry's new operating system and phones, the company released <a href="http://www.youtube.com/watch?feature=player_embedded&v=MiSzaWxRUSk" target="_hplink">this video</a> one day before the launch. The video involved a cable controlled jump with Alec Saunders, BlackBerry's VP of developer relations, and BlackBerry exec Marty Mallick. During the jump Mallick lets out a barely enthusiastic "BlackBerry 10 ruleeesssss!" The video only had 6,000 views prior to the launch event.

  • RIM Is Now.. BlackBerry! But Who Cares?

    During the BlackBerry 10 launch event, it was revealed that Research In Motion or RIM, BlackBerry's creator, would be <a href="http://www.huffingtonpost.com/2013/01/30/rim-changing-name-to-blackberry_n_2581969.html?utm_hp_ref=technology">changing its name</a> to...BlackBerry. More than anything this seems to signal that the BlackBerry is all or nothing for what was formerly RIM -- they have nothing to fall back on.

  • Palm Comparisons

    Many Twitter users were quick to point out <a href="https://twitter.com/search?q=blackberry%20palm&src=typd">the launch of BlackBerry 10 to another doomed launch</a>, that of the the Palm Pre for Palm. The company announced the new phone and OS in January 2009, only to be <a href="http://money.cnn.com/2010/04/28/technology/hp_palm/index.htm">scooped up by Hewlett Packard in April 2010</a>.